Mastercard, JPMorgan and other financial giants are organizing a joint test of tokenized assets.
According to Bloomberg, US Bancorp, Wells Fargo, Citigroup, Swift, TD Bank NA, Zions Bancorp and Visa will also participate in the test run for tokenized asset transactions.
During the testing process, the role of tokenized assets in money and debt instrument transactions of private banks will be evaluated.
According to the Mastercard statement, in the Regulated Settlement Network study simulation of dollar transactions will be carried out. The aim of the study is to examine international transactions faster and easier will ensure that it is done.
It is not known whether the companies will release it as a result of the test run.